GCMAsia - GBPUSD
GBPUSD
2017-06-28
| Resistance and Support | Level | Explanation |
| Resistance | 1.2830 | H4 |
| Support | 1.2780 | H4 |
GBPUSD, H4: GBPUSD extended its gains following prior breakout from the top level of downward channel which signifies a change in trend direction to move further upwards. However, recent retracement from the resistance level of 1.2830 would suggest GBPUSD to be traded lower in short-term as technical correction.
Resistance level: 1.2830, 1.2890
Support level: 1.2780, 1.2735